China reported its economy grew 7.7% in 2013, matching its 2012 rate — its worst rate of growth since 1999. The world’s No. 2 economy maintained its slow growth, with economists expecting the trend to continue as investment slows down. The Wall Street Journal reported China’s leaders have recognized the need to change its growth model, addressing issues like pollution, corruption, and wasted spending that inhibit economic growth. China can look forward to international trade in 2014, as economies in the US and Europe improve. The World Bank forecast a growth of 4.6% in world trade this year.
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